Question

how crude oil effect the develpment process of the country which do not have enough crude oil reserves and import it?

Answer 1

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HERE YOUR ANSWER ♣

The price of oil is one of the most heavily watch trends in every country economy. Developing country will contribute the major share of production in development of country.
The most share of production is depended on availability of cruide oil.when price of cruide oil is low then country will import more cruide oil .
and when prices are going high then importing of cruide oil share is go down. At the time of production , cruide oil is not available . then production decreases and price of GOODS are go high. That is why , cruide oil is effective on the development of country .....♥

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